The Great Capitulation: Mallers Exits, Satsuma Liquidates & BitMEX Shuts Down

<p>Back from summer hiatus, David Sencil and Graham Stone return to a market where the bad news keeps piling up - and where that might be the most bullish signal of all.</p><p>They break down the digital asset treasury unwind: Jack Mallers stepping down at 21 Capital as Tether's control grows, Satsuma shareholders voting to liquidate 668 BTC after a roughly 99% collapse, the expanding list of DATs selling their Bitcoin, and Strategy quietly building a $3.2B dollar reserve to cover its preferred dividends.</p><p>Then it's the Clarity Act's do-or-die window: Trump's disclosed $1.5B in 2025 crypto profits, the ethics provision critics call "pulling up the ladder," seven Democratic objections, coin-toss odds, and a surprise wave of endorsements from BlackRock, Schwab, Fidelity and Goldman Sachs.</p><p>Plus: BitMEX shuts down amid a lawsuit alleging "God access" insider trading, Bitmart winds down, and July racks up three exchange closures - the depressing grind David calls bullish bearishness.</p><p>🎧 Follow the podcast for weekly Bitcoin and crypto market insights, and share this episode with someone who wants to stay ahead of the biggest stories shaping the industry.</p><p>Then join our community and follow us for the latest updates ⬇️</p><p>► YouTube: <a href="https://www.youtube.com/@BitcoincomNews">https://www.youtube.com/@BitcoincomNews</a></p><p>► X (Bitcoin.com): <a href="https://x.com/Bitcoincom">https://x.com/Bitcoincom</a></p><p>► X (Bitcoin.com News): <a href="https://x.com/bitcoinnews">https://x.com/bitcoinnews</a></p><p>► Telegram: <a href="https://t.me/www_Bitcoin_com">https://t.me/www_Bitcoin_com</a></p><p>► Discord: <a href="https://discord.gg/9NGNJEnwmW">https://discord.gg/9NGNJEnwmW</a></p><p>► Rumble: <a href="https://rumble.com/Bitcoincom">https://rumble.com/Bitcoincom</a></p><p>► LinkedIn (Bitcoin.com): <a href="https://www.linkedin.com/company/bitcoin.com/">https://www.linkedin.com/company/bitcoin.com/</a></p><p>► LinkedIn (Bitcoin.com News): <a href="https://www.linkedin.com/company/bitcoin-com-news/">https://www.linkedin.com/company/bitcoin-com-news/</a></p>